Real Estate Glossary

makaiDue to the circular nature of an island, and its often windy roads, normal directions like 'north' and 'south' can sometimes be confusing. So two common terms used in Hawaii are 'mauka' and 'makai.'
Mauka means toward the mountains, and makai means toward the sea.

maturityThe date a loan is due.

maukaDue to the circular nature of an island, and its often windy roads, normal directions like 'north' and 'south' can sometimes be confusing. So two common terms used in Hawaii are 'mauka' and 'makai.'
Mauka means toward the mountains, and makai means toward the sea.

modificationA change that a lender makes in the terms of your mortgage that does not require you to refinance the loan.

mortgageA legal document that pledges a property as security for payment of a debt.

multidwelling unitA property that provides housing units for multiple families, on which there is a single mortgage.